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This is a new article by Professor Deanell Reece Tacha (Pepperdine) and available at 40 Pepp. L. Rev. 337 (2013) and at SSRN here. From the abstract:

"Introspection is the order of the day for legal
education and the legal profession. The economic stress of the last few years
tore away at many of the traditional models of law practice and caused many to
question the value of a legal education. The combination of rising tuition and
a challenging employment market causes very bright, aspiring lawyers and judges
to question whether law is a wise professional choice for them. The history of
legal education and the legal profession provides powerful positive responses
to these contemporary doubters. Rigorously educated legal professionals are
problem-solvers, models of civil discourse, agents of orderly social change,
articulators of policy, enforcers of procedural safeguards, and guardians of
sacred inalienable rights. Law-trained professionals are, in short, the face of
the rule of law that is the envy of much of the world. Recognizing all the
challenges of this time in history, the central value of the importance of
legal education cannot be diminished."